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Ethics for Our TimesEssays in Gandhian Perspective$
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M V Nadkarni

Print publication date: 2014

Print ISBN-13: 9780199450534

Published to Oxford Scholarship Online: September 2014

DOI: 10.1093/acprof:oso/9780199450534.001.0001

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Ethics in Business

Ethics in Business

Chapter:
(p.243) 10 Ethics in Business
Source:
Ethics for Our Times
Author(s):

M.V. Nadkarni

Publisher:
Oxford University Press
DOI:10.1093/acprof:oso/9780199450534.003.0010

This chapter discusses the importance of ethics in business and outlines a number of ways in which corporations can maintain high standards of ethics. More specifically, it explains how genuinely caring for the interests of all stakeholders, from customers and employees to suppliers, creditor banks, the state, the community at large, and the environment, can improve the moral reputation of a business enterprise, which in turn boosts its credibility with those stakeholders. The chapter relates business ethics to such important issues as customer care, advertising, employee welfare (including the security of employment), environmental protection (for example, abating air pollution or reducing the rate of depletion of natural resources), finance, and conflict of interest.

Keywords:   business ethics, stakeholders, employees, creditor banks, environmental protection, moral reputation, customer care, advertising, finance, conflict of interest

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